Deere reported Q2 fiscal 2026 diluted EPS of $6.55, surpassing estimates of $5.70 to $5.81, with revenue up 5% year-over-year to $13.37 billion. Despite this, shares fell over 5% due to a decline in its core Production and Precision Agriculture segment, which saw net sales drop 14% and margin compression. Growth in Small Agriculture, Turf, and especially Construction and Forestry segments offset agricultural weakness, signaling a durable shift in Deere's business mix. The company maintained full-year net income guidance but faced investor concerns over a non-recurring $272 million cost recovery and ongoing agricultural market softness. Deere’s future valuation may increasingly reflect its expanding construction and forestry focus rather than traditional farming equipment.
Deere is rated as a Buy, considered undervalued with strong support from AI-driven innovation and cyclical market tailwinds. The company reported its fifth consecutive quarter of better-than-expected results, with significant sales growth of 16% in s...
Several large U.S. companies including Walmart, Apple, Nike, Home Depot, General Motors, FedEx, and Costco are applying for refunds on tariffs paid, despite President Trump's warning that he would "remember" companies that did not seek refunds. The S...
Deere & Company beat Q2 earnings estimates with EPS of $6.55 and revenue of $13.369 billion, driven by strong Small Ag and Construction & Forestry sales. However, Production & Precision Agriculture sales fell 14%, pressured by lower shipments and ris...
Deere & Company reported Q2 earnings per share of $6.55 and net income of $1.77 billion, surpassing analyst expectations despite a 14% drop in large farm equipment sales. Total sales rose 5% to $13.37 billion, driven by strength in small agriculture,...
John Deere has partnered with SpaceX's Starlink to provide satellite connectivity for its agricultural equipment, enabling real-time monitoring and remote operations in areas lacking terrestrial network coverage. This partnership supports Deere's gro...
